Personalis price target raised to $8 from $4 at Lake Street

Lake Street analyst Thomas Flaten raised the firm’s price target on Personalis (PSNL) to $8 from $4 and keeps a Buy rating on the shares after Tempus AI (TEM) exercised warrants and invested an additional $17.7M as the companies expanded their commercial relationship. “There is no validation like cold, hard cash” and “Tempus is putting its money where its interests are,” says the firm, which believes this announcement last week “speaks to the importance Tempus is placing on the long-term opportunity for NeXT Personal Dx.”